# Frontline Plc (FRO) — Stock CV

Frontline Plc is a $12.5B energy company. Revenue shrank 4.2% over the last year, it keeps 19¢ of every dollar of sales as profit, and its net debt equals ~3.1 years of free cash flow. It trades at 8.4× earnings.

> Frontline PLC is an international shipping company engaged in the seaborne transportation of crude oil and oil products. It owns and operates modern fleets in the industry, consisting of VLCCs, Suezmax tankers, LR2, and Aframax tankers, which operate in the spot and time charter markets.

## Identity

- **Ticker**: FRO
- **Sector**: Energy
- **Industry**: Oil & Gas Midstream
- **Employees**: 85
- **Website**: https://www.frontlineplc.cy
- **Market cap**: $12.5B
- **Last price**: $56.28
- **Financial profile**: Solid

## Vitals (FY2025)

- **Revenue**: $1.97B
- **Net income**: $379M
- **Free cash flow**: $689M
- **Net debt**: $2.11B
- **P/E**: 8.4
- **Revenue growth (YoY)**: -4.2%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 52 |
| Growth | 30 |
| Profitability | 75 |
| Health | 58 |
| Quality | 77 |
| Moat | 35 |

## Qualifications (beginner checklist) — 8 of 11 passed

- [ ] Revenue growing — -4.2% YoY
- [x] Profitable — $379M FY2025
- [ ] Profit growing — -8.5% YoY
- [x] Generates cash — $689M FY2025
- [x] Debt under control — ~3.1y of cash flow to repay
- [x] Established company — $12.5B market cap
- [x] Not printing shares — +0.0% shares over ~5y
- [ ] Proven track record — 4/5 profitable years
- [x] Financially stable — Altman Z 3.9 — safe
- [x] Pays a dividend — yield 1.66%
- [x] Valuation not extreme — P/E 8.4

## Experience (career milestones)

- **FY2023** — Best year on record: $656M net income
- **FY2022** — Turned profitable: $476M net income after a loss year
- **FY2022** — Revenue crossed $1B: $1.43B for the year

## Strengths

- High gross margin (63.0%)
- Strong cash conversion — FCF is 35.1% of revenue
- Altman Z-Score 3.91 — low bankruptcy-risk zone

## Watch-outs

- Revenue shrinking 4.2% year over year
- Loss-making in 1 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $749M | -$15.0M | $49.5M |
| FY2022 | $1.43B | $476M | -$775M |
| FY2023 | $1.80B | $656M | -$179M |
| FY2024 | $2.05B | $496M | $670M |
| FY2025 | $1.97B | $379M | $689M |

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Source: https://stockcv.com/FRO — derived from company filings; may be delayed or incomplete. Information, not investment advice.